The Master's in Management programme lasts for 24 months and is split into seven modules. During the first programme module, students take management core courses together in a single cohort. Students take core courses from the following management topics:
- Judgement and decision-making
- Competitive and corporate strategy
- Business economics
- Financial accounting
- Financial management and corporate finance
- Organisational behaviour
- Introduction to statistics
- Advanced statistics
After the core module of the programme, students choose among two different tracks in module two.
One track focuses on quantitative business and includes the course on econometrics.
The other track concentrates on innovative management and includes economics of innovation and new technology.
In both tracks, students choose two out of six electives:
- Global economy
- Operations and supply chain
- Leading & managing people with agility
In module three, students complete an internship of up to six months. Examples of corporations who provided internships to MIM students include Allianz, Amazon, Audi, BMW, Bosch, Deutsche Bank, DHL, E.ON, McKinsey, Siemens, and more.
After the first internship and a combined capstone module in October, students move on to module five and choose one of four specialisations in order to develop a tangible value proposition for companies looking for talent.
- Business Analytics: data science for analytics, predictive analytics / machine learning, risk modelling with spreadsheets, advanced decision making tools, value chain analytics
- Finance & Investments: international finance and risk management, entrepreneurial finance and fintech, portfolio management seminar, alternative investments, predictive analytics
- Entrepreneurship & Innovation: matchmakers in digital economy, the human factor of innovation, "Startup Challenge", design thinking, entrepreneurial finance
- Global & Digital Strategy: strategic international management, digital business transformation, digital marketing, digital innovation and entrepreneurship
Module six consists of the Social Impact Project. Students work on a group assignment in an NGO, social venture or in a corporate social responsibility department of a global firm in Germany or abroad. This assignment allows students to observe how the global marketplace plays out in other parts of the world and other levels of society. It is the students' opportunity to give back and learn how to be life-long engaged global citizens.
The Master's thesis comprises the seventh module. While working on their theses, students may seek the opportunity of a second internship and carry out their research with support from practitioners. Alternatively, particularly those who intend to pursue an academic career may opt for working on a thesis topic in close coordination with a professor's own research agenda.
Students have the possibility to complete their internships, "Social Impact Projects", and/or thesis work in another country. This is especially recommended for German students.
In addition, within the framework of the Global Network of Advanced Management, students can attend one-week short exchange studies during the "Global Network Week" at another network university. There are around 40 partner universities located across the globe.
ESMT MIM students can also choose to participate in exchanges with Imperial College (UK), Singapore Management University, IE (Spain), or Queen's University (Canada).
Highly qualified students can choose to participate in a double degree programme with Yale SOM, USA. Participants will earn two degrees in two years: first the MSc in Management from ESMT Berlin, and then a Master of Management Studies in Global Business and Society from Yale. Interested candidates can apply after being admitted to ESMT and before starting the programme, or by April in their first year at ESMT. The admissions process is separate for each school, and admission to Yale is not guaranteed. Scholarships, tuition and fees are allocated and settled at each respective institution. For more information about Yale, visit this website.
ESMT MIM students have the opportunity to complete at least one internship during the programme:
1) First-year internship: students begin this mandatory internship after they have completed the first two modules in the MIM programme. They have been trained in foreign languages, project management, and soft skills before beginning the internship.
2) Optional Master's thesis internship: students have completed their first internship, chosen a specialisation, completed the Social Impact Project and received further project management and soft skills training. For this last module of the programme, MIM candidates have the choice to undertake an optional second internship while writing their theses. Students may also choose to forego the second internship and follow a more academic approach to their theses.